Business News

New success criteria system takes guess work out of large-scale construction projects
2024-06-20 17:39:13
Medium and large-scale construction projects will have a better chance of success if they are able to adhere to a set of success criteria, new research from Edith Cowan University (ECU) found.
OpenAI founder Sutskever sets up new AI company devoted to 'safe superintelligence'
2024-06-20 12:33:56
Ilya Sutskever, one of the founders of OpenAI who was involved in a failed effort to push out CEO Sam Altman, said he's starting a safety-focused artificial intelligence company.
Sir Jim Ratcliffe slams 'unfair' ruling on Man Utd's Jean-Clair Todibo interest
2024-06-20 10:28:46
Sir Jim Ratcliffe reacts as Man Utd are blocked from signing Nice centre-back Jean-Clair Todibo.
OpenAI’s former chief scientist is starting a new AI company
2024-06-19 22:01:49
The startup’s goal is to build a safe and powerful AI system.
US chip-maker Onsemi to invest $2 bn in Czech plant
2024-06-19 15:12:49
US chip-maker Onsemi will invest up to $2 billion to expand its plant in the Czech Republic, the biggest investment in the country's modern history, the industry minister said Wednesday.
US billionaire eyes TikTok takeover to save internet from Big Tech
2024-06-19 15:12:49
Frank McCourt, a US real estate billionaire, aims to buy TikTok to rescue the internet from the clutches of major platforms that he firmly believes are destroying society and endangering children.
Amazon to invest extra 10 bn euros in Germany
2024-06-19 15:12:49
Amazon said Wednesday it will invest an additional 10 billion euros ($10.7 billion) in Germany, most of it in cloud computing, the US tech giant's latest major investment in Europe.
Amazon fined nearly $6 million for violations at Inland Empire warehouses
2024-06-19 13:23:37
California has fined Amazon nearly $6 million for violating a law meant to protect warehouse workers from misuse of production quotas, state officials announced Tuesday.
How the dominance of big companies like Nvidia is creating a 'split world' in tech
2024-06-19 13:23:36
Nvidia's stock is up roughly 200% in the last year and has helped push the technology-heavy S&P 500 to record highs, accounting for more than a third of the index's gains this year.
Mouse shakers, power naps: Corporate America fights 'keyboard fraud'
2024-06-19 08:51:01
A US banking giant fired more than a dozen employees for "simulating keyboard activity," highlighting a battle within productivity-obsessed corporate America to tame a culture of faking work with gizmos such as mouse jigglers.
McDonald's is ending its test run of AI-powered drive-thrus with IBM
2024-06-18 23:46:39
Ever get your McDonald's order mixed up at an AI-powered drive-thru? The experiment behind the fast food giant's current automated order taker will soon be coming to a close.
We are betting the bank on hydrogen. But are we ready for it?
2024-06-18 23:43:55
Green hydrogen holds many promises: it can serve as a "battery" for energy storage, it can be used in the chemical industry, and its only emission will be water vapor. But, unfortunately, green hydrogen is not yet widely used, because the production of gray hydrogen from natural gas is much cheaper.
Nvidia becomes world's most valuable company on stock market
2024-06-18 23:43:38
Nvidia edged ahead of other tech companies Tuesday to become the world's most valuable publicly traded company in the latest sign of the might of artificial intelligence.
AI goes mainstream as 'AI PCs' hit the market
2024-06-18 23:31:41
A new line of PCs specially made to run artificial intelligence programs hit stores on Tuesday as tech companies push toward wider adoption of ChatGPT-style AI.
Boeing CEO recognizes 'gravity' of safety crisis but sees 'progress'
2024-06-18 23:31:41
Boeing's CEO acknowledged to a US congressional panel Tuesday that the company's culture was imperfect, but insisted the aviation giant was making progress and committed to improving safety.
A new way to recycle steel could reduce the industry's carbon footprint
2024-06-18 23:31:41
University of Toronto engineering researchers have designed a new way to recycle steel that has the potential to decarbonize a range of manufacturing industries and usher in a circular steel economy.
Amazon union workers and the Teamsters ink a deal
2024-06-18 22:31:52
It’s a potentially powerful alliance with one of the biggest unions in the US.
Fisker files for bankruptcy protection, the second electric vehicle maker to do so in the past year
2024-06-18 17:23:06
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology.
EVI-X modeling suite accelerates optimized electric vehicle charging infrastructure deployments
2024-06-18 17:23:06
Massive public and private investments are being made to support the buildout of electric vehicle (EV) charging infrastructure in the United States, but efficient planning and deployment requires sophisticated analysis to ensure convenient, reliable, affordable, and equitable charging for all Americans.
Rapidly declining costs of batteries and fuel cells could soon facilitate the electrification of heavy-duty vehicles
2024-06-18 13:18:33
The electrification of road vehicles has already begun, with most automotive companies now investing in hybrid and electric cars. While these efforts could contribute to reducing carbon emissions worldwide, they have so far been primarily focused on cars, rather than trucks and heavy-duty vehicles for transporting goods.

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